Insurance industry reports or market analysis reports

GEICO Denies Dropping Tesla Cybertruck Insurance, Confirms Nationwide Coverage Amid Rumors

Oct 7, 2024, 04:17 PM

GEICO has refuted reports originating from Torque News that it is terminating insurance coverage for Tesla's Cybertruck, stating that it continues to offer coverage for the electric pickup nationwide. The rumors began after some customers alleged that GEICO informed them the Cybertruck "doesn't meet our underwriting guidelines," and that their policies would not be renewed. However, a GEICO spokesperson confirmed, "GEICO has coverage available nationwide for the Tesla Cybertruck," dismissing the claims as false. Publications such as The Verge and Teslarati reported on GEICO's affirmation of ongoing coverage, clarifying that the viral stories about policy cancellations were unfounded.